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Thu 22 Apr 2004, 12:25 Result Of General Meeting
PSG Group Limited - Bee Transaction By Way Of Issue Of Shares For Cash: Result  
  Of General Meeting                                                              
  PSG GROUP LIMITED                                                               
  (Registration number 1970/008484/06)                                            
  Share Code:    PSG                                                              
  ISIN:          ZAE000013017                                                     
  ("PSG GROUP")                                                                   
  BEE TRANSACTION BY WAY OF ISSUE OF SHARES FOR CASH: RESULT OF GENERAL MEETING   
  Further to the announcement published in the press on 26 February 2004, PSG     
  Capital Limited is authorised to announce that at the general meeting of PSG    
  Group shareholders held on Thursday, 22 April 2004, the required ordinary       
  resolutions were passed to authorise the issue of shares for cash to Arch Equity
  (Proprietary) Limited.                                                          
  The JSE Securities Exchange South Africa has agreed to the amendment of PSG     
  Group"s listing to take account of the 10 000 000 PSG Group ordinary shares,    
  with effect from Monday, 17 May 2004.                                           
  Stellenbosch                                                                    
  22 April 2004                                                                   
  Sponsor                                                                         
  PSG Capital Limited                                                             
  Date: 22/04/2004 12:20:09 PM Produced by the JSE SENS Department
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